Fermi America’s CEO Toby Neugebauer and chief financial officer (CFO) Miles Everson have resigned from their respective roles, according to recent Securities and Exchange Commission (SEC) filings from the company.
According to an April 17 SEC filing, Neugebauer’s resignation was effective on April 17. Everson’s resignation was made effective on April 19, according to a Monday SEC filing.
Everson and Neugebauer, the co-founder of Fermi America, will serve and remain on the company’s board, according to the document. The company said in the filing that it will make an announcement for an interim CFO in the coming week.
Rick Perry, a former Texas governor (R), and secretary of energy during the first Donald Trump administration, is a principal with Fermi America. News coverage this week said the CEO exit could complicate plans for a big Texas project.
With the resignation of Neugebauer, the company’s board of directors has started the search process for its next CEO. In the meantime, Fermi America will create the office of the CEO to “ensure continuity and operational momentum during the CEO transition,” according to its Monday press release.
The office of CEO will be made up of Jacobo Ortiz Blanes, Fermi America’s chief operating officer, and Anna Bofa, a Fermi America board advisor.
Fermi America, co-founded by both Neugebauer and Perry, unveiled ambitious plans, now named Project Matador, in June 2025 to collaborate with Texas Tech University to build a massive campus of data centers powered by 11,000 megawatts of natural gas, nuclear, solar and wind energy sources.
Additionally, the company teamed up with Westinghouse in August 2025 to deploy four AP1000 reactors for its campus.